dYdX raises margin necessities in some markets, bans “extremely worthwhile trades”

Decentralized crypto alternate dYdX has disclosed new measures to mitigate trading-related dangers after burning $9 million of its insurance coverage fund on Nov. 17 to cowl customers’ losses.

In accordance with an announcement on X (previously Twitter), the alternate elevated margin necessities on a number of “much less liquid markets,” affecting tokens resembling Eos (), 0x Protocol (ZRX), Aave (AAVE), Algorand (ALGO), Web Laptop (ICP), Monero (XMR), Tezos (), Zcash (ZEC), SushiSwap (SUSHI), THORChain (RUNE), Synthetix Community Token (SNX), Enjin Coin (ENJ), 1inch Community (1INCH), Celo (CELO), Yearn.finance (YFI) and Uma (UMA).

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